Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?
When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state-sanctioned pot businesses, I assumed the industry would react with cheers. After all, they've long complained about being black-balled by banks, which are justifiably afraid of violating federal laws against handling drug money.
But when I started calling around today, the reactions ranged from "That's nice" to "Meh."
It may have been a slow news week — no national security flaws or revelations, no more signs that Google is trying to take over the world — but we had plenty of content to feed your tech appetite here on All Tech Considered.
More and more people are buying homes with pure cash. In December, all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data.
Originally published on Mon January 27, 2014 10:10 am
Windows XP may have been largely developed in a different millennium, but it's not going into retirement without a fight.
Even as Microsoft promotes Windows 8, its latest operating system, Windows XP is still the second-most used OS on nonmobile computers, according to Net Applications web analytics. Debuting in 2001, XP lasted through three new Microsoft operating systems and the growth of mobile technology.
David's Bridal is famously known for carrying inexpensive bridal dresses, some for less than $100. Now the company wants to offer an elevated experience for brides to be — with chandeliers, marble tiling and plush chairs. There will be price tags to match — as much as 2,000.
Montreal-based Bixi, which came up with the bike sharing systems offered in many American cities, has filed for bankruptcy. Renee Montagne talks with Andy Riga of the Montreal Gazette about where things went wrong for Bixi, and the future prospects of its operations in North America.